Stocks rallied today but finished well off of session highs. The major indices were higher after President Trump said he would get involved with the Meng Wanzhou case if it would help advance trade negotiations with China. There was also news that China is considering replacing its “Made in China 2025” policy to provide more competition and … Read more
December may be a slow month traditionally for the housing market, but mortgage lenders are suddenly getting busier. A sharp drop in interest rates drove mortgage application volume up 1.6 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 16 percent lower than a year ago. … Read more
U.S. stock index futures were higher Wednesday morning, following upbeat comments from President Donald Trump over the prospect of the world’s two largest economies securing a trade deal. At around 6:00 a.m. ET, Dow Jones Industrial Average futures rose 217 points, indicating a positive open of more than 252 points. Futures on the S&P 500 … Read more
The Dow Jones Industrial Average turned negative around midday Eastern Time on Tuesday, erasing a sharp gain from earlier in the session as volatility continues to grip Wall Street. The 30-stock Dow traded 100 points lower after rising as much as 368 points. The S&P 500 also gave up its gains, trading 0.1 percent lower. … Read more
U.S. stock index futures pointed to a sharply higher open on Tuesday amid signs that U.S.-China trade relations could be improving. At 7:58 a.m. ET, Dow Jones Industrial Average futures were up 226 points, implying a gain of 273.74 points at the open. S&P 500 and Nasdaq 100 futures also pointed to a strong open. … Read more
Well it looks like volatility is going to stick around for a little bit longer. Today we experienced another wild day with 2.0% swings! After a dip overnight, the major indices were trading in positive territory at the U.S. open. But stocks quickly dropped and continued to slide throughout the morning session. — RECOMMENDED — … Read more
Stocks traded sharply lower on Monday in a volatile session as banks led the decline. Traders pointed to a number of reasons for the selling, including an adverse ruling in a Chinese court against Apple, a flattening yield curve and a delayed Brexit vote in the United Kingdom. The Dow Jones Industrial Average fell 235 … Read more
Apple was down about 2 percent Monday morning after a Chinese court banned the import and sale of most iPhone models in the country as part of an injunction. It turned positive in the afternoon, up less than half a percent. Qualcomm requested the injunction for alleged patent violation and announced the news in a … Read more
Stocks were on a roller coaster ride last week! On Monday, stocks were higher after a weekend meeting between President Trump and Chinese President Xi. It sounded like the two countries were eager to work together on trade. The U.S. promised to not raise tariffs at the beginning of 2019, and China committed to buying … Read more
Stocks opened lower on Friday as Wall Street parsed through a U.S. jobs report that handily missed expectations. The U.S. economy added 155,000 jobs last month. Economists polled by Dow Jones expected a gain of 198,000 jobs. Wage growth also missed estimates. The report initially sent stock futures higher as investors interpreted the weak data … Read more